Rhode Island (November 18, 2011) Gustave White Sotheby’s International Realty today announced the sale of 87 Shore Drive on Easton’s Point in Middletown. The waterfront house with three additional lots sold for $4,512,500, making it the highest transaction on Easton’s Point and the second highest in Middletown this year to date. Broker-owner Paul A. Leys of Gustave White Sotheby’s International Realty represented the seller, and Teri Degnan of Keller Williams Realty was the co-broke agent.
The 10-year-old oceanfront contemporary, with views of Tuckerman's Reef and Newport's Historic Cliff Walk, was designed by award-winning architect William Burgin. The 3,560 square-foot residence features floor-to-ceiling windows, which disappear into the floor, and a dramatic open floor plan with a Calgary River–rock fireplace and custom-milled mahogany trim. “The extraordinary and unique beachfront setting with ledge outcroppings provides fabulous swimming and magnificent sunsets over Easton’s Beach and Newport,” Leys said. “Our agency was also involved in two sales last month in the two-and-a-half million dollar range, both in Portsmouth, Rhode Island. These sales are justifiable proof that our local real estate market is beginning a long-awaited rebound.”
About Gustave White Sotheby’s International Realty
Gustave White Sotheby’s International Realty is a full-service agency specializing in luxury real estate and serving all of Rhode Island, including Block Island, as well as southeast Connecticut and coastal Massachusetts. Gustave White has been in business for over 80 years as a leader in the luxury market and is the sole Sotheby’s affiliate for Rhode Island and the Rhode Island Regent member of Who’s Who in Luxury Real Estate. Paul A. Leys, Co-owner of Gustave White Sotheby’s Int’l Realty, may be reached at 401-848 6706 or at pleys@gustavewhite.com for more information.